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Here’s what we are looking for in tomorrow’s economic reports (Sept 24, 2020) — Good Luck Trading!
1. NZ Trade Balance (18:45 ET) Bearish NZD — Weaker PMI manufacturing
2. SNB Rate Decision (03:30 ET) No Trade — Rate decisions are best traded reactively
3. German IFO (04:00 ET) Bearish EUR — Manufacturing PMI was stronger but composite PMI was weaker. Still think sentiment will be lower
4. US New Home Sales (10:00 ET) Bullish USD — Existing home sales were right in line with expectations. Continued increase in sales likely due to low interest rates